The Obamanation

Originally Posted by classicman

.....Not fear or pessimism. Simple facts. Hope is a very powerful force, so much so that it can also be blinding.

I should have more correctly said it is my "expectation" rather than "hope" that the economy will rebound (#948) ...and, with the exception of jobs, every indicator would suggest that rebounding has begun.

The question is how much of that is attributable to ARRA and TARP. To discount it completely as as disingenuous as giving those programs all the credit for ending the recession.

As to "simple facts"...IMO, it is simplistic to look at selected facts in a vacuum and that can be blinding as well, particularly if one looks with a predisposed opinion.

In the case of GM, what would have happened w/o the bailout? We can start with at least another 1/2 million jobs lost...then add the negative trickle down effect.